BlackRock Inc. grew its stake in Opus Bank (NASDAQ:OPB) by 0.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,441,296 shares of the financial services provider’s stock after buying an additional 13,553 shares during the quarter. BlackRock Inc. owned about 0.07% of Opus Bank worth $68,356,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in Opus Bank during the fourth quarter worth approximately $212,000. FDx Advisors Inc. purchased a new stake in Opus Bank during the fourth quarter worth approximately $213,000. UBS Asset Management Americas Inc. purchased a new stake in Opus Bank during the fourth quarter worth approximately $221,000. KBC Group NV purchased a new stake in Opus Bank during the first quarter worth approximately $277,000. Finally, Victory Capital Management Inc. purchased a new stake in Opus Bank during the first quarter worth approximately $314,000. Institutional investors and hedge funds own 98.07% of the company’s stock.
Several research firms have commented on OPB. BidaskClub raised Opus Bank from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered Opus Bank from a “hold” rating to a “strong sell” rating in a research report on Friday, June 15th. ValuEngine lowered Opus Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. Finally, Hovde Group set a $30.00 price target on Opus Bank and gave the stock a “hold” rating in a research report on Friday, April 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Opus Bank currently has a consensus rating of “Hold” and a consensus price target of $30.80.
Opus Bank opened at $29.35 on Thursday, according to Marketbeat Ratings. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 19.70 and a beta of 0.96. Opus Bank has a 52 week low of $21.06 and a 52 week high of $30.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14.
Opus Bank (NASDAQ:OPB) last released its quarterly earnings results on Monday, April 23rd. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.09). The firm had revenue of $65.00 million for the quarter, compared to analyst estimates of $68.50 million. Opus Bank had a return on equity of 6.36% and a net margin of 17.37%. During the same period last year, the firm earned $0.24 EPS. equities analysts predict that Opus Bank will post 1.55 earnings per share for the current fiscal year.
About Opus Bank
Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.
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